Thoma Capital Management LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed April 20, 2026), Thoma Capital Management LLC reported 55 stock positions worth $169.1 million. Its top holding was SS SPDR S&P 500 ETF Trust-US (SPY) at 25.2% of the portfolio, followed by iShares 5-10Y Inv Grade (IGIB, 20.1%) and iShares S&P 500 Value ETF (IVE, 15.1%). Compared with Q4 2025, it opened 2 new positions, sold out of 7, added to 33 and reduced 19. The biggest buy was iShares S&P 500 Value ETF (IVE, shares +10%) and the biggest sale an exit from Nuveen Prefered & Income Opp (JPC).
- Most Recent 13F
- Q2 2026
- Location
- TOWSON, MD
- CIK
- 0002060298
- Portfolio Value
- $169.1M (Q1 2026)
- SEC Filing
- 0001172661-26-001510 ↗ filed Apr 20, 2026
Holdings Value
Holdings 55 stocks · $169.1M
| SPY SS SPDR S&P 500 ETF Trust-US | 25.20% | 65,520 | $42.6M | Add +0.8% |
| IGIB iShares 5-10Y Inv Grade Corp. | 20.10% | 638,651 | $34.0M | Add +2.2% |
| IVE iShares S&P 500 Value ETF | 15.10% | 120,937 | $25.5M | Add +9.8% |
| XLK SS Technology Select Sector | 5.22% | 66,461 | $8.8M | Reduce -3.1% |
| IWO iShares Russell 2000 Growth | 4.48% | 24,118 | $7.6M | Reduce -8.8% |
| IGLB iShares 10+ Year Inv GR Corp. | 3.36% | 114,368 | $5.7M | Add +42.6% |
| HACK Amplify Cybersecurity ETF | 3.06% | 68,835 | $5.2M | Add +5.4% |
| AAPL Apple Inc. | 1.59% | 10,610 | $2.7M | Reduce -6.0% |
| AMZN Amazon.com Inc. | 1.07% | 8,687 | $1.8M | Add +0.2% |
| MSFT Microsoft Corp. | 1.05% | 4,791 | $1.8M | Add +17.5% |
| NVDA Nvidia Corp. | 0.97% | 9,446 | $1.6M | Reduce -12.9% |
| GOOGL Alphabet Inc. Class A | 0.79% | 4,666 | $1.3M | Reduce -0.6% |
| NET Cloudflare Inc. Class A | 0.75% | 6,142 | $1.3M | Add +1.8% |
| AEP American Electric Power | 0.68% | 8,762 | $1.1M | Add +4.6% |
| IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS | 0.65% | 4,502 | $1.1M | Add +7.3% |
| CVX Chevron Corp. | 0.62% | 5,101 | $1.1M | Add +2.2% |
| LNG Cheniere Energy Inc. | 0.62% | 3,719 | $1.1M | Add +4.3% |
| CTRA Coterra Energy Inc. | 0.62% | 29,867 | $1.0M | Reduce -3.2% |
| META Meta Platforms Inc. Class A | 0.61% | 1,817 | $1.0M | Reduce -0.1% |
| DVN Devon Energy Corp. | 0.60% | 20,296 | $1.0M | Add +4.4% |
| FANG Diamondback Energy Inc. | 0.59% | 5,062 | $1.0M | Add +9.0% |
| TSLA Tesla Inc. | 0.59% | 2,672 | $993K | Reduce -0.6% |
| WMT Walmart Inc. | 0.59% | 7,977 | $991K | Reduce -4.6% |
| LLY Eli Lilly & Co. | 0.58% | 1,070 | $985K | Add +6.7% |
| KO The Coca-Cola Co. | 0.57% | 12,754 | $970K | Add +10.6% |
| TROW T Rowe Price Group Inc. filed as PRICE T ROWE GROUP INC | 0.57% | 10,650 | $960K | Add +19.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.56% | 1,971 | $945K | Add +9.7% |
| HON Honeywell International Inc. | 0.53% | 3,991 | $902K | Add +5.3% |
| MRVL Marvell Technology Inc. | 0.51% | 8,711 | $863K | Add +1.3% |
| ETN Eaton Corp. PLC | 0.51% | 2,407 | $861K | Reduce -2.8% |
| DIS The Walt Disney Co. filed as DISNEY WALT CO | 0.50% | 8,845 | $853K | Reduce -5.6% |
| GOOG Alphabet Inc. Class C | 0.48% | 2,845 | $816K | Reduce -7.5% |
| PLTR Palantir Technologies Inc. Class A | 0.47% | 5,378 | $787K | Add +6.7% |
| BA The Boeing Co. | 0.45% | 3,864 | $769K | Add +9.8% |
| AMGN Amgen Inc. | 0.45% | 2,166 | $762K | Add +2.4% |
| DLR Digital Realty Trust Inc. | 0.45% | 4,189 | $755K | Add +52.3% |
| ORCL Oracle Corp. | 0.43% | 4,915 | $723K | Reduce -1.3% |
| GEHC GE Healthcare Technology | 0.41% | 9,809 | $698K | Reduce -1.1% |
| BX Blackstone Inc. | 0.40% | 5,879 | $676K | Add +12.9% |
| JPM JPMorgan Chase & Co. | 0.32% | 1,841 | $542K | Reduce -28.9% |
| DKNG Draftkings Inc. Class A | 0.32% | 24,726 | $535K | Add +1.2% |
| AVGO Broadcom Inc. | 0.27% | 1,500 | $464K | Reduce -10.5% |
| RTX RTX Corp. | 0.26% | 2,317 | $447K | Add +25.4% |
| CAVA Cava Group Inc. | 0.26% | 5,396 | $437K | Add +9.0% |
| ABBV Abbvie Inc. | 0.22% | 1,699 | $370K | Add +13.6% |
| HD Home Depot Inc. | 0.21% | 1,077 | $354K | Add +9.4% |
| SGOV iShares 0-3 Month Treasury B | 0.19% | 3,226 | $325K | Reduce -7.2% |
| V Visa Inc. Class A | 0.17% | 954 | $288K | Reduce -15.9% |
| IYW iShares Ustechnology ETF | 0.16% | 1,522 | $276K | Add +0.5% |
| CSX CSX Corp. | 0.16% | 6,703 | $275K | Add +15.5% |
| GLW Corning Inc. | 0.16% | 1,974 | $268K | New |
| PEG Public Service Enterprise GP | 0.14% | 2,997 | $243K | No change |
| QQQ Invesco QQQ Trust Series 1 | 0.14% | 418 | $242K | Reduce -82.0% |
| NEE Nextera Energy Inc. | 0.12% | 2,242 | $208K | New |
| LEO BNY Mellon Strategic Muni | 0.09% | 22,973 | $145K | Add +0.5% |
Portfolio Sells Q4 2025 → Q1 2026
| JPC Nuveen Prefered & Income Opp | Sold out | 0.00% | −0.72 |
| QQQ Invesco QQQ Trust Series 1 | Reduce -82.0% | 0.14% | −0.68 |
| XLK SS Technology Select Sector | Reduce -3.1% | 5.22% | −0.46 |
| IWO iShares Russell 2000 Growth | Reduce -8.8% | 4.48% | −0.45 |
| DIA SS SPDR Dow Jones Indus Avg | Sold out | 0.00% | −0.38 |
| VONG Vanguard Russell 1000 Growth | Sold out | 0.00% | −0.33 |
| LMT Lockheed Martin Corp. | Sold out | 0.00% | −0.28 |
| NVDA Nvidia Corp. | Reduce -12.9% | 0.97% | −0.19 |
| AAPL Apple Inc. | Reduce -6.0% | 1.59% | −0.18 |
| JPM JPMorgan Chase & Co. | Reduce -28.9% | 0.32% | −0.16 |
| ORCL Oracle Corp. | Reduce -1.3% | 0.43% | −0.13 |
| VTEB Vanguard Tax-Exempt Bond ETF | Sold out | 0.00% | −0.13 |
| IWP iShares Russell Mid-Cap Grow | Sold out | 0.00% | −0.12 |
| WSC Willscot Holdings Corp. | Sold out | 0.00% | −0.11 |
| DIS The Walt Disney Co. | Reduce -5.6% | 0.50% | −0.11 |
| TSLA Tesla Inc. | Reduce -0.6% | 0.59% | −0.11 |
| META Meta Platforms Inc. Class A | Reduce -0.1% | 0.61% | −0.08 |
| GOOG Alphabet Inc. Class C | Reduce -7.5% | 0.48% | −0.07 |
| AVGO Broadcom Inc. | Reduce -10.5% | 0.27% | −0.06 |
| V Visa Inc. Class A | Reduce -15.9% | 0.17% | −0.06 |
| GEHC GE Healthcare Technology | Reduce -1.1% | 0.41% | −0.06 |
| GOOGL Alphabet Inc. Class A | Reduce -0.6% | 0.79% | −0.05 |
| SGOV iShares 0-3 Month Treasury B | Reduce -7.2% | 0.19% | −0.01 |
| WMT Walmart Inc. | Reduce -4.6% | 0.59% | +0.05 |
| ETN Eaton Corp. PLC | Reduce -2.8% | 0.51% | +0.05 |
| CTRA Coterra Energy Inc. | Reduce -3.2% | 0.62% | +0.15 |
Portfolio Buys Q4 2025 → Q1 2026
| IVE iShares S&P 500 Value ETF | Add +9.8% | 15.10% | +1.65 |
| IGLB iShares 10+ Year Inv GR Corp. | Add +42.6% | 3.36% | +1.03 |
| IGIB iShares 5-10Y Inv Grade Corp. | Add +2.2% | 20.10% | +0.71 |
| LNG Cheniere Energy Inc. | Add +4.3% | 0.62% | +0.23 |
| DLR Digital Realty Trust Inc. | Add +52.3% | 0.45% | +0.20 |
| DVN Devon Energy Corp. | Add +4.4% | 0.60% | +0.19 |
| FANG Diamondback Energy Inc. | Add +9.0% | 0.59% | +0.19 |
| CVX Chevron Corp. | Add +2.2% | 0.62% | +0.19 |
| GLW Corning Inc. | New | 0.16% | +0.16 |
| NEE Nextera Energy Inc. | New | 0.12% | +0.12 |
| AEP American Electric Power | Add +4.6% | 0.68% | +0.12 |
| KO The Coca-Cola Co. | Add +10.6% | 0.57% | +0.11 |
| HON Honeywell International Inc. | Add +5.3% | 0.53% | +0.11 |
| CAVA Cava Group Inc. | Add +9.0% | 0.26% | +0.09 |
| MRVL Marvell Technology Inc. | Add +1.3% | 0.51% | +0.09 |
| RTX RTX Corp. | Add +25.4% | 0.26% | +0.07 |
| NET Cloudflare Inc. Class A | Add +1.8% | 0.75% | +0.06 |
| AMGN Amgen Inc. | Add +2.4% | 0.45% | +0.05 |
| CSX CSX Corp. | Add +15.5% | 0.16% | +0.04 |
| TROW T Rowe Price Group Inc. | Add +19.0% | 0.57% | +0.04 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +9.7% | 0.56% | +0.04 |
| HACK Amplify Cybersecurity ETF | Add +5.4% | 3.06% | +0.03 |
| ABBV Abbvie Inc. | Add +13.6% | 0.22% | +0.02 |
| BA The Boeing Co. | Add +9.8% | 0.45% | +0.01 |
| HD Home Depot Inc. | Add +9.4% | 0.21% | +0.01 |
| LEO BNY Mellon Strategic Muni | Add +0.5% | 0.09% | +0.00 |
| IYW iShares Ustechnology ETF | Add +0.5% | 0.16% | −0.01 |
| LLY Eli Lilly & Co. | Add +6.7% | 0.58% | −0.04 |
| PLTR Palantir Technologies Inc. Class A | Add +6.7% | 0.47% | −0.05 |
| BX Blackstone Inc. | Add +12.9% | 0.40% | −0.06 |
| IBM Intl Business Machines Corp. | Add +7.3% | 0.65% | −0.07 |
| AMZN Amazon.com Inc. | Add +0.2% | 1.07% | −0.08 |
| MSFT Microsoft Corp. | Add +17.5% | 1.05% | −0.09 |
| DKNG Draftkings Inc. Class A | Add +1.2% | 0.32% | −0.17 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +0.8% | 25.20% | −0.34 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 53 | $187.5M | SPY, IGIB, IVE, XLK, IGLB |
| Q1 2026 | 55 | $169.1M | SPY, IGIB, IVE, XLK, IWO |
| Q4 2025 | 60 | $173.6M | SPY, IGIB, IVE, XLK, IWO |
| Q3 2025 | 59 | $174.1M | SPY, IGIB, IVE, XLK, IWO |
| Q2 2025 | 58 | $157.1M | SPY, IGIB, IVE, XLK, IWO |
| Q1 2025 | 59 | $143.0M | IGIB, SPY, IVE, IWO, XLK |
| Q4 2024 | 63 | $146.0M | SPY, IGIB, IVE, IWO, XLK |